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Thursday, January 03, 2008
Analysts Meet - Reliance Power
RELIANCE POWER LIMITED
cordially invites you to a
ANALYSTS' MEET
In connection with the Company's Initial Public Offer of Equity Shares
Day/Date: Friday, 4th January 2008 Venue: The Crystal Room, Hotel Taj Mahal
Time: 6.45 pm Service: Cocktail & Dinner
RSVP:
Venaktesh.somayaji@relianceada.com ; Cell: 9312782480
Sharad.goe@relianceada.com ; Cell : 9323835459
Girish.gangawat@adfactorspr.com ; Cell : 9892016641
NSE Burnpur Deals
03-JAN-2008,BURNPUR,Burnpur Cement Limited,AJAY DESAI,BUY,298000,41.51,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,AMBIT SECURITIES BROKING PVT. LTD.,BUY,1692495,39.75,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ANIL M PARMAR,BUY,269239,43.46,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ARUNKUMAR LAXMAN KAPIRI,BUY,332571,40.17,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASH KARAN JAIN,BUY,452351,42.85,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHOK BABUBHAI THAKKER-TRADING ALC,BUY,795181,40.55,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHOK KUMAR,BUY,356364,38.89,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,BUY,2759013,38.72,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASSET ALLIANCE SECURITIES PVT. LTD.,BUY,1414334,38.03,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTRAL FINANCE,BUY,600000,41.72,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,BUY,582868,40.66,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,B K SHAH AND CO,BUY,1003669,42.86,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BAJAJ SHARE & STOCK BROKERS PVT. LTD.,BUY,211422,41.95,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BLB LIMITED,BUY,309161,43.09,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BLS COMMERCIAL COMPANY PRIVATE LIMITED,BUY,508331,33.64,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,154764,40.46,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CHIRAG MAHENDRA SHAH,BUY,220615,36.81,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CIMMCO VINIMAY PVT LTD,BUY,340000,39.72,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CONSOLIDATED SECURITIES LTD,BUY,374641,34.80,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CPR CAPITAL SERVICES LTD.,BUY,632923,42.00,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CREDENTIAL STOCK BROKERS LIMITED,BUY,744052,44.25,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DINDAYAL BIYANI STOCK BROKERS LTD.,BUY,1955589,33.40,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DINESH MUNJAL,BUY,922015,40.41,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DYNAMIC STCOK BROKING (I) PVT LTD,BUY,778991,39.33,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,EAST INDIA SECURITIES LTD.,BUY,318941,29.60,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GANDHI SECURITIES & INVESTMENT PRIVATE LIMITED,BUY,347387,38.77,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GAURAV PALIWAL,BUY,733333,39.34,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GHALLA BHANSALI STOCK BROKERS PVT. LTD.,BUY,455768,41.79,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDRA KUMAR BAGRI,BUY,614802,41.29,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDU MAHENDRA SHAH,BUY,350000,41.39,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDUS PORTFOLIO (P) LTD.,BUY,1032887,44.49,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JASMIN SHAH,BUY,234035,43.67,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JAY SURESH CHHEDA,BUY,999570,41.44,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JIGNESH ENTERPRISES,BUY,709532,41.99,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JINESH SHAH,BUY,262000,35.77,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KAKANI GAURAV,BUY,800104,40.58,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KARIMJEE PVT.LTD.,BUY,283810,37.76,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,BUY,3291686,39.77,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KHANDWALA TRADELINK CO,BUY,2126556,38.81,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KJB TRADING CO,BUY,366419,38.37,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,LATIN MANHARLAL SECURITIES PVT. LTD.,BUY,1069053,43.79,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,M/S JIYA INVESTMENTS,BUY,615170,45.15,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MAHENDRA DHANJI CHHEDA,BUY,1649522,41.94,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANIPUT INVESTMENTS PVT LTD,BUY,355420,41.45,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANSI JAIN,BUY,515000,42.44,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANSUKH SECURITIES & FINANCE LTD,BUY,222629,38.55,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MRUDULLA KANAIYALAL SHAH,BUY,231751,42.18,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MUKESH BROKERAGE & FINANCIAL (INDIA) LTD.,BUY,259875,36.72,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NAMAN SECURITIES & FINANCE PVT LTD,BUY,1385211,39.52,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NANDKISHORE & CO.,BUY,479264,40.52,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NISSAR BROTHERS,BUY,1167428,35.82,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,OPG SECURITIES PVT. LTD.,BUY,560853,38.60,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRAKASH K SHAH SHARES & SECURITIES PVT. LTD,BUY,218657,36.58,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRASHANT JAYANTILAL PATEL,BUY,1343581,43.56,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRAVIN JUMKHALAL SHAH,BUY,889414,42.67,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PUJA TAPARIA,BUY,350000,40.59,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PURVI VIPUL SHETH,BUY,1071214,39.79,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,R APPALA RAJU,BUY,260000,42.94,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,R.M. SHARE TRADING PVT LTD,BUY,1946324,39.75,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAHUL DOSHI,BUY,1623577,38.40,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAMAKANT R CHOKHANI,BUY,471683,33.99,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAMESH M DAMANI,BUY,244827,31.88,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RUPESH KIRIT DALAL,BUY,959597,43.21,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SANJAY BHANWARLAL JAIN,BUY,753117,44.56,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SARAVANA STOCKS PRIVATE LIMITED,BUY,500000,46.35,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SETU SECURITIES PVT.LTD.,BUY,398528,42.98,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SHAH HAREN MANUBHAI,BUY,426798,45.89,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED,BUY,420735,39.33,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SUMATI GARG,BUY,277982,45.63,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SUNIL PANDURANG MANTRI,BUY,230348,33.25,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,TEJAS DESAI,BUY,1399228,42.00,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,TRANSGLOBAL SECURITIES LTD.,BUY,7046872,40.47,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VAIBHAV DOSHI,BUY,350549,41.48,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VELBAI KHIMJI CHHEDA,BUY,1391540,41.11,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VIJAY KUMAR SINGH,BUY,994384,38.09,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VIVEK STOCK BRK PVT LTD,BUY,317221,39.07,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,YES INVESTMENTS VISHAL KISHORE BHATIA,BUY,280000,40.51,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,AJAY DESAI,SELL,298000,42.01,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,AMBIT SECURITIES BROKING PVT. LTD.,SELL,1686175,39.69,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ANIL M PARMAR,SELL,269239,43.66,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ARUNKUMAR LAXMAN KAPIRI,SELL,332571,41.53,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASH KARAN JAIN,SELL,353351,43.02,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHOK BABUBHAI THAKKER-TRADING ALC,SELL,794881,40.83,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHOK KUMAR,SELL,356364,38.99,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,SELL,2759013,39.42,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASSET ALLIANCE SECURITIES PVT. LTD.,SELL,1414334,36.94,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTRAL FINANCE,SELL,400000,44.63,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,SELL,582866,41.16,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,B K SHAH AND CO,SELL,997680,41.53,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BAJAJ SHARE & STOCK BROKERS PVT. LTD.,SELL,330873,39.92,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BLB LIMITED,SELL,309161,42.70,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,BLS COMMERCIAL COMPANY PRIVATE LIMITED,SELL,508331,31.85,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,224764,42.12,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CHIRAG MAHENDRA SHAH,SELL,220615,37.04,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CIMMCO VINIMAY PVT LTD,SELL,340000,40.43,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CONSOLIDATED SECURITIES LTD,SELL,374641,34.65,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CPR CAPITAL SERVICES LTD.,SELL,632923,42.09,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,CREDENTIAL STOCK BROKERS LIMITED,SELL,744052,44.46,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DINDAYAL BIYANI STOCK BROKERS LTD.,SELL,1955589,31.26,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DINESH MUNJAL,SELL,922015,40.91,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,DYNAMIC STCOK BROKING (I) PVT LTD,SELL,803991,39.49,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,EAST INDIA SECURITIES LTD.,SELL,318941,29.29,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GANDHI SECURITIES & INVESTMENT PRIVATE LIMITED,SELL,347387,37.22,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GAURAV PALIWAL,SELL,733333,39.62,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,GHALLA BHANSALI STOCK BROKERS PVT. LTD.,SELL,455768,42.03,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDRA KUMAR BAGRI,SELL,614802,39.40,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDU MAHENDRA SHAH,SELL,350000,41.57,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,INDUS PORTFOLIO (P) LTD.,SELL,1032887,44.57,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JASMIN SHAH,SELL,234035,43.59,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JAY SURESH CHHEDA,SELL,999570,41.91,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JIGNESH ENTERPRISES,SELL,709532,42.22,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,JINESH SHAH,SELL,260500,36.40,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KAKANI GAURAV,SELL,800104,40.86,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KARIMJEE PVT.LTD.,SELL,283810,36.06,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,SELL,3291610,39.88,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KHANDWALA TRADELINK CO,SELL,2121555,37.67,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,KJB TRADING CO,SELL,366419,38.18,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,LATIN MANHARLAL SECURITIES PVT. LTD.,SELL,1094053,44.09,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,M/S JIYA INVESTMENTS,SELL,615170,45.38,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MAHENDRA DHANJI CHHEDA,SELL,1649522,42.07,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANIPUT INVESTMENTS PVT LTD,SELL,355420,40.19,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANSI JAIN,SELL,515000,35.01,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MANSUKH SECURITIES & FINANCE LTD,SELL,222629,38.78,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MRUDULLA KANAIYALAL SHAH,SELL,231751,37.42,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,MUKESH BROKERAGE & FINANCIAL (INDIA) LTD.,SELL,259875,36.88,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NAMAN SECURITIES & FINANCE PVT LTD,SELL,1385211,39.29,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NANDKISHORE & CO.,SELL,479264,36.30,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,NISSAR BROTHERS,SELL,1167428,35.92,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,OPG SECURITIES PVT. LTD.,SELL,560853,38.17,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRAKASH K SHAH SHARES & SECURITIES PVT. LTD,SELL,218657,34.92,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRASHANT JAYANTILAL PATEL,SELL,1343583,43.35,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PRAVIN JUMKHALAL SHAH,SELL,889414,42.89,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PUJA TAPARIA,SELL,350000,41.09,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,PURVI VIPUL SHETH,SELL,1071214,39.23,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,R APPALA RAJU,SELL,260000,43.42,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,R.M. SHARE TRADING PVT LTD,SELL,1946324,39.34,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAHUL DOSHI,SELL,1623577,39.02,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAMAKANT R CHOKHANI,SELL,471683,33.03,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RAMESH M DAMANI,SELL,244827,33.41,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,RUPESH KIRIT DALAL,SELL,959597,43.63,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SAFAL INFRASTRUCTRE PVT LTD,SELL,515605,25.18,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SANJAY BHANWARLAL JAIN,SELL,753117,44.77,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SETU SECURITIES PVT.LTD.,SELL,348528,43.24,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SHAH HAREN MANUBHAI,SELL,426798,45.65,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED,SELL,420724,38.50,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SUMATI GARG,SELL,100000,39.85,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,SUNIL PANDURANG MANTRI,SELL,234447,32.93,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,TEJAS DESAI,SELL,1399228,42.40,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,TRANSGLOBAL SECURITIES LTD.,SELL,7046872,40.47,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VAIBHAV DOSHI,SELL,350549,42.16,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VELBAI KHIMJI CHHEDA,SELL,1391540,41.47,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VIJAY KUMAR SINGH,SELL,994384,39.01,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,VIVEK STOCK BRK PVT LTD,SELL,317221,33.54,-
03-JAN-2008,BURNPUR,Burnpur Cement Limited,YES INVESTMENTS VISHAL KISHORE BHATIA,SELL,280000,37.18,-
BSE Burnpur Deals
/1/2008 532931 BURNPUR EUREKA STOCK AND SHARE BROKING SERVICES LTD B 307400 40.02
3/1/2008 532931 BURNPUR R.M.SHARES TRADING PVT LTD B 1553657 38.24
3/1/2008 532931 BURNPUR N D NISSAR B 685681 40.93
3/1/2008 532931 BURNPUR DINDAYAL BIYANI STOCK BROKERS LTD. B 1556642 30.96
3/1/2008 532931 BURNPUR KAUSHIK SHAH SHARES PL B 1126675 38.13
3/1/2008 532931 BURNPUR HAREN M SHAH B 283667 43.55
3/1/2008 532931 BURNPUR DEEPAK S CHHEDA B 800940 37.50
3/1/2008 532931 BURNPUR AMIT M GALA B 821992 39.11
3/1/2008 532931 BURNPUR HIMANSHU R NISSAR B 311199 40.88
3/1/2008 532931 BURNPUR H.J.SECURITIES PVT.LTD. B 2209577 40.28
3/1/2008 532931 BURNPUR GANDHI SEC.AND INV.PVT.LTD B 583010 39.46
3/1/2008 532931 BURNPUR AMU SHARES AND SEC LTD B 863565 37.20
3/1/2008 532931 BURNPUR KRISHNAKUMAR P AGARWAL B 432098 41.29
3/1/2008 532931 BURNPUR KETAN MAMANIYA B 708650 38.52
3/1/2008 532931 BURNPUR B K SHAH AND CO B 609620 40.15
3/1/2008 532931 BURNPUR EUREKA STOCK AND SHARE BROKING SERVICES LTD S 307400 40.19
3/1/2008 532931 BURNPUR R.M.SHARES TRADING PVT LTD S 1553657 38.95
3/1/2008 532931 BURNPUR N D NISSAR S 685681 40.88
3/1/2008 532931 BURNPUR DINDAYAL BIYANI STOCK BROKERS LTD. S 1556642 34.45
3/1/2008 532931 BURNPUR KAUSHIK SHAH SHARES PL S 1122675 38.22
3/1/2008 532931 BURNPUR HAREN M SHAH S 268667 43.90
3/1/2008 532931 BURNPUR DEEPAK S CHHEDA S 800940 37.60
3/1/2008 532931 BURNPUR AMIT M GALA S 821992 39.30
3/1/2008 532931 BURNPUR HIMANSHU R NISSAR S 311199 40.93
3/1/2008 532931 BURNPUR H.J.SECURITIES PVT.LTD. S 2176577 40.35
3/1/2008 532931 BURNPUR GANDHI SEC.AND INV.PVT.LTD S 573010 40.34
3/1/2008 532931 BURNPUR AMU SHARES AND SEC LTD S 863565 37.21
3/1/2008 532931 BURNPUR KRISHNAKUMAR P AGARWAL S 432098 41.61
3/1/2008 532931 BURNPUR KETAN MAMANIYA S 708650 38.57
3/1/2008 532931 BURNPUR B K SHAH AND CO S 574631 41.77
Market Close: Global weakness weighs
Weakness across the global markets with US downfall kept Indian markets in a ranged bound mode. Indian Indices opened in red but later part of the day tried to recovery to trade in green by profit booking pulled it back into negative teritorry. Oil companies trade strong especially ONGC and Cairn India as Crude touched $100 per barrel and while oil marketing companies got a boost from Oil ministry hinted of raising petrol and diesel prices in February. Power stocks played on investors mind to be the gainers. IT, banking, cement were among the major losers. Mid caps and small caps continued to outpace the large caps as they traded strong. Asian Indices traded in red as Hang Seng slipped by over 450 points for the day while Europe trading in red. We have entered into the result season which could drive the market.
There were two new entrants in bourses BGR Energy which came out with an issue price at Rs 480 but got listed in premium of 75% to Rs 840 but finally ended up by 87% up. And Burnpur Cement came out with small issue but investors rejoiced it as the stock listed at Rs 19 against its issue price of Rs 12 and ended up by 286.25% at the closing.
Sensex closed down by 120 points at 20345.19.Weighing on the Sensex were losses in Grasim (3603.6001,-4 percent), Dr Reddys (718.3,-4 percent), Wipro (495.55,-3 percent), ICICI Bk (1228,-3 percent) and ITC (214.5,-3 percent). Losses were restricted by gains in NTPC (276.7,+8 percent), Rel Energy (2517.3999,+6 percent), HLL (222.95,+4 percent), ONGC (1305.9,+3 percent) and Hero Honda (712.45,+2 percent).
Karuturi the largest rose player in the world. It has 2 segments of business, Horticulture and ISP. More than 90% of the revenue comes from the flower business. Karuturi has a total capacity of 650 mn stems. It has 10 hectares in India with 10 mn stems capability inhouse and another 25 mn stems which are managed through contract farming. 100 hectares are operational in Ethiopia with a capacity of over 100 mn stems. Karuturi Networks has been allotted additional 450 hectares of land by the Government of Ethiopia for its expansion and diversification projects. The Kenyan acquisition of Sher brought in about 525 mn stems. Globally 40,000 hectares of land is under rose cultivation. However, the field sizes globally are fragmented and are not over 200 acres. Karuturi is one of the big players here now. Feb is the peak season and we are positive on this business. Do read our research note to know more about the story..
Avaya Global Connect a leader in converged solutions. Avaya Global Connect Ltd' (AGCL). is a subsidiary of Avaya Inc. (revenues $8.2 billion) which holds 59.13% stake in AGCL. Avaya Global?s Australian subsidiary has started generating revenue. This will further add to bottom line. Most of the equipments are imported from parent company. This not only provides company technology advancement but also benefits of appreciating rupee. The core competency of the business is the technology of the parent and marketing strength to convince clients to move up the value chain of its offerings. The sustainable competitive advantage remains its relationships with the companies that it services. With convergence set to rule the market in the coming years, Innovation and Technology will be the key success for any Industry. With expertise in IP Telephony, Unified Communication and lots more, Avaya Global is well placed to take the advantage. The risk appears to be from slower growth in the call centres who are facing tougher times because of the appreciating rupee. However, the growth may slow but more than that the companies would rely on technology even more to have higher productivity and that would be beneficial for Avaya. We remain positive on this with a long term perspective. Do read our research note.
Technically Speaking: Sensex opened with a gap down of over 70 points. It made intraday high of 20,520 and days low of 20,294. Turnover was good at Rs 10,785crs. The breath was in favor of Advances, where Advances stood at 1565 and Declines at 1336. Sensex is very ranged for past 6 trading sessions. Immediate resistance at 20610, which if crossed will take us to 21400. On the downside there is support at 20000 and 19500.
Nifty January 2008 futures at discount
Turnover slips
Nifty January 2008 futures were at 6175.30, at discount of 3.25 points as compared to spot closing of 6178.55.
The NSE's futures & options (F&O) segment turnover was Rs 70,651.63 crore, which was lower than Rs 74,186.47 crore on Wednesday, 2 January 2008.
NTPC January 2008 futures were at discount, at 274.70, compared to the spot closing of 276.10.
Reliance Petroleum January 2008 futures were at premium, at 234.60, compared to the spot closing of 232.65.
Power Grid Corporation of India January 2008 futures were at premium, at 153.60, compared to the spot closing of 151.80.
In the cash market, the S&P CNX Nifty gained 0.85 points or 0.01% at 6178.55.
BGR Energy Systems - rewards investors well
Settles at Rs 901.30 on BSE
BGR Energy Systems settled at Rs 901.30 on BSE, a premium of 87.77% over the IPO price of Rs 480.
The stock debuted at Rs 801, a premium of 66.87% over the IPO price. It touched a high of Rs 940 and a low of Rs 801. On BSE, 43.74 lakh shares were traded on the counter.
The company had priced the IPO at the top end of the Rs 425-480 IPO price band.
At the current price of Rs 901.30, the PE multiple works out to 243.59 based on the 18 months ended March 2007 annualised EPS of Rs 3.70.
BGR Energy Systems IPO had ended on 12 December 2007 with 119.54 times subscription. The qualified institutional buyers (QIBs) category was subscribed 161.67 times, the non institutional investors category was subscribed 153.08 times and the retail investors category was subscribed 46.89 times.
BGR Energy Systems is a supplier of systems and equipment for the power, oil and gas, petrochemical and process industries.
BGR Energy Systems plans to utilise the IPO proceeds to augment long term working capital requirements, expand production capacity by establishing additional manufacturing facilities in India, China and the Middle East.
The company reported a profit after tax of Rs 39.96 crore on sales of Rs 786.80 crore in the 18 months period ended March 2007.
Burnpur Cement - the stunner
Settles at Rs 46.35 on BSE
Burnpur Cement settled at Rs 46.35 on BSE, a premium of 286.25% over the IPO price of Rs 12.
The stock debuted at Rs 18.45, a premium of 53.75% over the IPO price. It touched a high of Rs 49 and a low of Rs 17.80.
On BSE, 11.72 crore shares were traded on the counter.
At the current price of Rs 46.35, the PE multiple works out to 154.5, based on the year ended March 2007 EPS of Rs 0.30.
The fixed price initial public offer (IPO) of Burnpur Cement (BCL), which closed on 3 December 2007, was subscribed 15.19 times.
Burnpur Cements manufactures portland slag cement at Asansol, West Bengal.
The company aims to set up 800 tonne per day capacity clinkerisation and cement grinding unit, expandable to 1,600 tonne per day, at Patratu in Jharkhand. The IPO proceeds will be used for the proposed capacity expansion. Commercial production from the new unit is expected to begin by the end of 2008.
Burnpur Cements reported a profit after tax of Rs 1.14 crore on net sales of Rs 23.66 crore in the year ended March 2007.
Post Market Commentary - Jan 3 2008
The market closed he session a negative territory after struggling a lot through out the trading session. The cues from the global markets are not in favor that led the domestic market to open a weak note but it shortly managed to make a turnaround from the lower levels by pairing all its initial losses. But the market was unable to sustain at higher level as the cautiousness prevailed in the market that led the investors to take calculated steps in booking their positions. However the Mid caps and Small Caps indices hit their lifetime high. The Oil and Gas and PSU remained the centre of attraction while Bankex, Realty and CG remained out of favor. The BSE Sensex closed lower by 120.10 points at 20,345.20 and NSE Nifty closed flat at 6,178.55. Both Small Caps and Mid Caps indices closed lower by 2.07 points and 12.26 points at 10,056.87 and 13,896.71 respectively.
BSE Bankex index fell 200.01 points to close at 11,670.48. Scrips that slipped are Kotak Bank (3.44%), ICICI Bank (3.03%), Centurion Bank of Punjab (2.83%), Yes Bank (1.62%), Allahabad Bank (1.25%)
BSE Realty index dropped 173.85 points to close at 13,245.82. Scrips that fell are Mahindra Life (3.47%), Unitech (3.01%), Purvankara (3%), Ansal Infrastructure (2.34%) .
BSE Oil & Gas index grew by 211.14 points to close at 13,602.26 as HPCL (6.75%), BPCL (4.95%), Cairn India (4.75%), RNRL (3.93%) and ONGC (2.88%) closed lower.
BSE Metal index decreased by 162.68 points to close at 19,998.17. Scrips that declined are SAIL (3.49%), Sterlite industries (2.29%), Hind Zinc (2.87%), Ispat (2.29%) and Hindalco (2.12%).
BSE Power index closed higher by 147.81 points at 4,806.12. Scrips that gained are Torrent Power (20%), NTPC (7.56%), Tata Power (4.38%), Reliance Energy (6.42%) and GVK Power (2.96%).
BSE IT index fell 87.39 points to close at 4,363.63. Scrips that pulled down are Educomp (4.27%), Wipro (3.03%), TCS (2.95%), Satyam (2.31%), Infosys (2.08%), I-Flex (2%) and HCL Tech (1.10%).
Sensex dips on US recession fears
Renewed fears that the US economy might enter into recession after the announcement of weak US manufacturing data followed by record oil prices triggered major sell-off in major Asian markets. Oil reached a record $100 a barrel on Wednesday and gold soared to its all-time high of $861 an ounce. Mirroring the same the Sensex had a gap-down opening at 20,404. However, the Sensex shrugged off the global weakness and bounced back from its early lows with oil & gas and power stocks in lead. The Sensex touched the day's high of 20,520 by mid-morning trades. But, the market gave up its gains due to profit booking in heavyweights, consumer durables, information technology and pharma stocks. As trading progressed the Sensex lost its strength and slipped into the negative territory to touch the day's low of 20,294. The Sensex pared some losses towards the close, but sustained selling in index pivotal stocks kept the index in the negative territory. The Sensex finally closed the session by shedding 120 points at 20,345, while the Nifty ended on a flat note at 6,179.
Market breadth was slightly positive. Of the 2,954 stocks traded on the Bombay Stock Exchange (BSE), 1,612 stocks advanced, 1,322 stocks declined and 20 stocks ended unchanged. All sectoral indices ended weak. BSE IT index dropped 1.96% at 4,364 followed by BSE CD index (down 1.94% at 6,765), BSE Bankex index (down 1.68% at 11,670) and BSE HC index (down 1.57% at 4,397). However, BSE Power index was the star performer and surged 3.17% at 4,806 followed by BSE PSU index (up 2.20% at 11,011) and the BSE Oil & Gas index (up 1.58% at 13,602).
A steep fall in select heavyweights dragged the markets down. Grasim dropped 4.03% at Rs3,604, ICICI Bank tumbled 3.03% at Rs1,228, Wipro slumped 3.03% at Rs496, ITC shed 3.01% at Rs215, TCS declined 2.95% at Rs1,018, M&M fell 2.83% at Rs836,Satyam Computer lost 2.31% at Rs426 and Hindalco slipped by 2.12% at Rs213. However, select front-line counters attracted buying support. NTPC jumped 7.56% at Rs277, Reliance Energy surged 6.42% at Rs2,517, HLL moved up by 3.51% at Rs223, ONGC advanced 2.88% at Rs1,306 and Reliance Industries added 1.44% at Rs2,903.
Over 11.72 crore Burnpur Cement shares changed hands on the BSE followed by GV Films (3.16 crore shares), RNRL (2.58 crore shares), Reliance Petroleum (1.34 crore shares) and Ispat Industries (1.09 crore shares).
Valuewise, RNRL registered a turnover of Rs521 crore followed by Burnpur Cement (Rs462 crore), Reliance Energy (Rs395 crore), BGR Energy (Rs395 crore) and Reliance Petroleum (Rs313 crore).
Market drifts lower
The market edged lower today, dragged by decline in IT, cement stocks and in select index heavyweights. The CNX S&P Nifty struck all-time high today. The BSE Mid-Cap and Small-Cap index struck record highs. Total turnover on BSE crossed Rs 10,500 crore mark. Among the Sensex pack, 24 declined while the rest gained. Asian and European markets were trading lower today, 3 January 2008.
The 30-share BSE Sensex was down 128.28 points or 0.63% to 20,337.02, as per provisional closing. The market had opened on a weak note dampened by weak global markets but it had shortly staged a rebound from lower level. It lost ground once again in afternoon trade.
Sensex hit a low of 20,293.87 in mid-afternoon trade. At the day’s low, the Sensex lost 171.43 points. Sensex had hit a high of 20,519.70 in mid-morning trade. At day's high, Sensex rose 54.40 points. Sensex had hit a record high of 20,529.48 in late trade yesterday, 2 January 2008.
The fall in Nifty was much lower than the fall in the 30-share BSE Sensex today. It was was down 1 point or 0.02% to 6,178.40, as per provisional closing. Nifty struck all-time high of 6230.15 today, 3 January 2008.
BSE clocked a turnover of Rs 10785 crore as compared to Rs 8509 crore by 14:30 IST.
The market breadth was strong on BSE with 1677 shares advancing as compared to 1199 that declined. 25 remained unchanged
The BSE Mid-Cap index was down 0.05% to 10,054.09 while the BSE Small-Cap index slipped 0.17% to 13,885.93. Both these indices outperformed Sensex. BSE Mid-Cap index struck all-time high of 10,151.78 and the BSE Small-Cap index hit all-time high of 14,092.31 today.
Cement stocks declined on selling pressure after the Tamil Nadu state government on Wednesday warned cement companies that it would take over all cement factories in the state in the public interest if cement makers did not lower prices. Diversified company Grasim was the top loser from Sensex pack The stock lost 3.97% to Rs 3606.
ACC lost 1.80% to Rs 1004 after it posted 5.98% decline in cement dispatches to 1.57 million tonnes in December 2007 over December 2006. Ambuja Cements was down 1.65^% to Rs 146
Shares from oil drilling and exploration sector surged on the back of rally in crude price. India's biggest oil exploration company in terms of market capitalisation Oil & Natural Gas Corporation jumped 3.93% to Rs 1319.45 on 4.39 lakh shares.
IT pivotals extended their recent fall. TCS (down 2.91% to Rs 1018.35), Wipro (down 2.90% to Rs 496.25), Satyam Computers (down 2.52% to Rs 425.50), and Infosys Technologies (down 1.95% to Rs 1715.20), also edged lower
India’s largest private sector bank in terms of net profit ICICI Bank lost 2.87% to Rs 1230.
India’s largest power generation company in terms of net profit, National Thermal Power Corporation surged 6.78% to Rs 274.70 on 65.24 lakh shares. It was the top gainer from Sensex pack.
India’s largest private sector power utility company in terms of net profit, Reliance Energy (REL) surged 6.13% to Rs 2513.40. The stock hit all-time high of Rs 2585 in late trade. As per reports, Reliance Power in which REL holds 50% stake, plans to raise as much as $3 billion in the nation's biggest initial public offering. Reliance Power, the power generating unit of REL will sell 26 crore shares at a price band of Rs 405 to Rs 450 per share.
India’s largest private sector firm by market capitalization & oil refiner Reliance Industries advanced 1.23% to Rs 2898. The stock recovered from early low of Rs 2831.10. A total of 6.07 lakh shares were traded on the counter on BSE
Among European markets, Germany's DAX (down 0.39% to 7,918.36), UK's FTSE 100 (down 0.05% to 6,413.80) and France's CAC 40 (down 0.46% to 5,524.57), edged lower
Asian markets were trading weak today, 3 January 2008. Hong Kong's Hang Seng (down 2.44% at 26,887.28), Taiwan's Taiwan Weighted (down 1.67% at 8,184.20), Singapore's Straits Times (down 1.85% at 3,397.06), South Korea's Kospi (down 0.04% at 1,852.50) edged lower.
US markets tumbled on Wednesday, 2 January 2008, after crude oil hit $100 per barrel. The December Institute of Supply Management (ISM) Index, a national purchasing manager survey, also disappointed as it dropped to 47.7, compared to November's reading of 50.8. The number also came in short of the consensus estimate of 50.5, and is the lowest level seen since April 2003.
The Dow Jones industrial average plunged 220.86 points, or 1.67%, to 13,043.96. The Standard & Poor's 500 index fell 21.20 points, or 1.44%, to 1,447.16, and the Nasdaq Composite index declined 42.65 points, or 1.61%, to 2,609.63.
As per provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 628.68 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 427.11 crore today, 2 January 2008.
FIIs were net sellers of Rs 223 crore in the futures & options (F&O) market on Wednesday, 2 January 2008. They were net sellers of Rs 1,037 crore in stock futures. They were net buyers of Rs 781 crore in index options and Rs 33 crore in index futures.
Crude oil for February delivery jumped $3.64, or 3.8%, to a record close of $99.62 per barrel after touching $100 per barrel earlier in the session yesterday, 2 January 2008, which is the highest since trading began in 1983
Morning Call - Jan 3 2008
Market Grape Wine :
In House :
Nifty at a supp of
Tech Problem could not LOG .
Out House :
Markets at a support of 20012 & 19786 levels with resistance at 20591 & 20552 levels .
Buy : RIL & REL at dips
Buy : Kohinoor & Adhunik at dips
Buy : JpAsso & Jphydro at dips
Buy : Kotak Bnak
Buy : VSNL at dips
Buy : IBUllsreal & IBullsFin
Buy : EssarOil
Buy : SBIN
Buy : Murudeshwar
Dark Horse : REL , MURU , Kohinooor , JpAsso , IBullReal , Adhunik , RIL & SBIN
Short Term Trading Calls
Buy Everest Kanto Cylinder with stop loss of Rs 340 for a target of Rs 440.
Buy Hindustan Dorr-Oliver with a stop loss of Rs 166 for short-term target of Rs 208.
Buy Axis Bank with stop loss of Rs 985 for a target of Rs 1150.
Reliance Power - Apply or Not
The Initial Trends in our Poll (Right Side top)
Votes so far: 222
Yes ! Anil bhai's dream! 165 (74%)
No! Scam !! 57 (25%)
Have you voted yet ?
Grey Market Premium of Reliance Power
Market may decline on weak global cues
The market may decline today, 3 January 2008, on weak global cues. Asian markets were trading weak today, 3 January 2008. Hong Kong's Hang Seng (down 1.80% at 27,063.18), Taiwan's Taiwan Weighted (down 2.22% at 8,138.33), Singapore's Straits Times (down 1.68% at 3,403.02), South Korea's Seoul Composite (down 1.06% at 1,833.89) edged lower.
US markets tumbled on Wednesday, 2 January 2008, after crude oil hit $100 per barrel. The December Institute of Supply Management (ISM) Index, a national purchasing manager survey, also disappointed as it dropped to 47.7, compared to November's reading of 50.8. The number also came in short of the consensus estimate of 50.5, and is the lowest level seen since April 2003.
The Dow Jones industrial average plunged 220.86 points, or 1.67%, to 13,043.96. The Standard & Poor's 500 index fell 21.20 points, or 1.44%, to 1,447.16, and the Nasdaq Composite index declined 42.65 points, or 1.61%, to 2,609.63.
Back home, the 30-share BSE Sensex surged 164.59 points or 0.81% to settle at record closing peak of 20,465.30, on Wednesday, 2 January 2008. Sensex hit a record high of 20,529.48 in late trade. The broader CNX S&P Nifty was up 35.05 points or 0.57% at 6179.40, a record closing high on that day. It struck an all time high of 6197 in late trade
As per provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 628.68 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 427.11 crore today, 2 January 2008.
FIIs were net sellers of Rs 223 crore in the futures & options (F&O) market on Wednesday, 2 January 2008. They were net sellers of Rs 1,037 crore in stock futures. They were net buyers of Rs 781 crore in index options and Rs 33 crore in index futures.
Crude oil for February delivery jumped $3.64, or 3.8%, to a record close of $99.62 per barrel after touching $100 per barrel earlier in the session yesterday, 2 January 2008, which is the highest since trading began in 1983.
Oil worries may drag market
The market may remain under pressure owing to an overnight fall in the US markets and the Asian indices mirroring the trend by sailing in negative territory in the ongoing trades. In the last three sessions, the market advanced by over 258 points breaching the all-time high in yesterday's trades despite weak international markets amid renewed optimism amongst the local investors. The market will also be focusing on the global crude oil front as the crude prices has hit the $100 mark in yesterday's trades. Among the local indices, the Nifty could test higher levels at 6,200 or 6,400 and on the downside it has support at 5,850. The Sensex has a likely support at 19,500 and may face resistance at 21,000.
US indices continued to reel under oil price surge and worries about the expected recession. Markets slumped on Wednesday, the first trading day of the new year, as oil and gold prices reached their record highs and weak manufacturing report indicated a possible recession. The Dow Jones slumped 221 points to close at 13,044 while the Nasdaq ended 43 points lower at 2,610.
With the exception of few, rest of the Indian floats fell in tune with the broader market. Infosys, Satyam, Wipro, HDFC Bank and VSNL dropped over 2-3% each. However, MTNL surged 8.34% while, Dr Reddy's, Tata Motors, ICICI Bank and Rediff gained 1-3% each.
Crude oil and gold traded near records after a slump in the dollar against major currencies. Oil reached a record $100 a barrel yesterday and gold soared to its highest ever. The Nymex light crude oil for February delivery came off its high of $100 a barrel and ended $3.62 higher at $99.62 per barrel. In the commodity space, the Comex gold for February series jumped $22 to settle at $860 an ounce.
Grey Market - Future Capital, Reliance Power
Future Capital Holdings 700 to 765 300 to 320
Reliance Power 405 to 450 360 to 370
BGR Energy 480 360 to 380
Burnpur Cement Ltd. 12 6 to 8
SVPCL 42 DISCOUNT
Aries Agro 130 25 to 30
Manaksia Ltd. 160 10 to 15
Porwal Autocomponents 75 DISCOUNT
Precision Pipes & Profiles 150 20 to 22
Pre Market Watch
The Indian market on today is likely to have a negative opening on the back of negative cues from global markets. Yesterday the market made a huge turnaround from the lower levels to touch a record high in the final trading hours of the session. The market opened on a firm note but lost the momentum all of a sudden and pared all its initial gains as the profit booking across the counters prevailed. But buying at the lower levels led the market to recover and closed with handsome gains. However, the Mid Caps stocks remain the centre of attraction as most buying was seen since the initial bell. The BSE Sensex closed higher by 164.59 points at 20,465.30 and NSE Nifty grew by 35.05 points to close at 6,179.40. We expect that market may remain volatile during the trading session.
On Wednesday the US market closed in deep red. The Dow Jones Industrial Average (DJIA) declined by 220.86 points at 13,043.96. S&P 500 index fell by 21.20 points to close at 1,447.16 and NASDAQ dropped by 42.65 points to close at 2,609.63.
Indian ADRS closed in mixed. In technology sector, Patni Computers grew by (1.78%) while Satyam fell by (3.85%) along with Wipro by (2.83%) and Infosys by (2.05%). In banking sector, ICICI bank rose by (1.06%) while HDFC bank slipped by (2.39%). MTNL increased by (8.34%)
The major stock markets in Asia are trading weak. Hang Seng is trading lower by 497.34 points at 27,063.18. Taiwan Weighted is trading down by 184.72 points at 8,138.33. Singapore Strait Times is trading at 3,403.02 slipped by 58.20 points.
The FIIs on Wednesday stood as net buyer in equity while net seller in debt. The gross equity purchased was Rs1,437.60 Crore while the gross equity sold stood at Rs1,295.30 Crore and gross debt sold stood at Rs3 Crore. Therefore, the net investment of equity reported was Rs142.30 Crore and net debt was (Rs3Crore).
Today, Nifty has support at 6,052 and resistance at 6,261 and BSE Sensex has support at 20,074 and resistance at 20,719.
Trading Calls
Nifty (6179) Sup 6078 Res 6225
Buy GAIL (531) SL 526
Target 540, 544
Sell India Cements (307) SL 312 Target 298, 295
Buy Andhra Bank (120) SL 116 Target 127, 129
Buy WWIL (99) SL 95
Target 105, 108
Sell Wipro (511) SL 516
Target 503, 500
Lower start, raise your standard
"Success will not lower its standard to us. We must raise our standard to success."
With crude oil hitting $100 per barrel mark and global markets in a tizzy over disappointing manufacturing data from the US, stock benchmarks in India will soften at start after touching new record yesterday. FIIs too were net sellers (provisionally) in yesterday's trade, which could also have some sobering effect on the bulls.
The bulls would hate to surrender the advantage at this stage. So, there is a possibility of a rebound after a lower opening. Use this to get into better counters as many have been dangerously taking positions in risky counters. Remember, markets recovered from most falls in recent times only because leverage was less. The situation may be changing now with habit of winning causing risk abilities to increase. Stay cautious.
We mentioned select banking stocks yesterday and right enough the sector dominated. A lot of news-based action is expected today, especially in the energy and oil & gas space. Oil PSUs could be in the thick of things amid reports of an impending price hike next month. Reliance Energy might lead other stocks in the power sector higher on news that Reliance Power will allow retail investors an option to pay only 25% at the time of application. Pantaloon could also hog the limelight as Future Capital Holding has announced the price band for its IPO.
We also expect stocks in the infrastructure and media (WWIL and Dish TV) sectors to do well today. In a nutshell, the bullish trend in small-cap and mid-cap counters could continue. Chettinad Cement, Grasim, India Cements, Madras Cements and Ultratech Cement could be under pressure amid news that the Tamil Nadu Government may nationalise state cement companies if they do not slash prices. A couple of listings are also there today. BGR Energy and Burnpur Cement will make their stock market debut.
Among other counters Dewan Housing could see buying as the company will soon convene an EGM to raise funds. Adani Enterprises too is looking at raising resources. Total Exports will consider entering into JV for media foray and explore other investment opportunities. Kohinoor Broadcasting Board will meet next week to announce results and consider merger with Tagore Theaters with itself.
US stocks tumbled on the first trading day of the year, as record high oil and gold prices coupled with a weak manufacturing sector report raised worries about the state of the world's biggest economy. Banks and technology companies led the decline after the biggest decline in manufacturing in five years sent the Dow Jones Industrial Average to its worst start since 1983.
Intel, the largest semiconductor maker, fell the most in almost a year after Bank of America cut its rating and investors speculated companies will spend less on technology. Caterpillar, the largest maker of earthmoving equipment, and IBM led the Dow to a 1.7% fall.
The Standard & Poor's 500 Index lost 21 points or 1.4%, to 1,447.16, the most to start a year since it fell 2.8% on Jan. 2, 2001. The Dow slipped 221 points to 13,043.96. The Nasdaq Composite Index slid 43 points, or 1.6%, to 2,609.63.
Market breadth was negative. More than three stocks fell for every one that rose on the New York Stock Exchange.
US stocks briefly trimmed losses after the release of the minutes from the last Federal Reserve meeting raised bets that more interest rate cuts are on the way. But any recovery attempt was short lived.
US light crude oil for February delivery briefly topped $100 a barrel for the first time ever, before pulling back a bit to end at a record settle price of $99.62 a barrel. COMEX gold for February delivery surged $23.20 to $861.20 an ounce, an all-time high, rising in tune with other dollar-traded commodities.
Treasury prices rallied, as investors sought safety in the comparatively safer haven of government debt, lowering the yield on the 10-year note to 3.9% from 4.03% late on Monday. In currency trading, the dollar slipped versus the euro and the yen.
European stocks slipped on the first day of trade in 2008, with higher oil prices and data showing a contraction in US factory activity offsetting M&A speculation. The pan-European Dow Jones Stoxx 600 index dropped 1.3% to 360.11.
The data dampened the mood in London as well. The UK's FTSE 100 which had gained earlier, closed down 0.6% to 6,416.70. The French CAC 40 fell 1.1% to 5,550.36. Germany was the laggard after a 22% gain last year, as the German DAX 30 slipped 1.5% to 7,949.11.
In the emerging markets, the Bovespa in Brazil was down 1.7% at 62,815 while the IPC index in Mexico plunged 2.8% at 28,699. The RTS index in Russia finished flat at 2290 and the ISE National-30 index in Turkey was down 1.8% at 69,208.
Most Asian markets are in the red this morning. The Hang Seng in Hong Kong was down 477 points at 27,083 while the Kospi in Seoul was down 11 points at 1842. The Taiex in Taiwan was down 130 points at 8192 and the Shanghai Composite in China dropped 34 points at 5239. The Straits Times in Singapore fell 50 points at 3410.
Bulls hope to extend rally
It was a see-saw trading session as after opening with a positive gap, markets slipped in to deep red following weak cues from the Asian markets. However, after hitting the days low of 20,007 in the afternoon trades benchmark Sensex recovered over 390 points; crossing its previous all time high of 20,498. The late recovery was led by gains in the banking, Realty and Pharma stocks.
Finally, 30-share Sensex closed at 20,465 adding 164 points and Nifty gained 35 points to close at 6,179.
Parvnath Developers edged lower 0.4% to Rs475. Reports stated that the company is close to tying up with JW Marriott, Starwood, Intercontinental and ITC for several hotels it is planning to build. The scrip touched an intra-day high of Rs492 and a low of Rs462 and recorded volumes of over 27,00,000 shares on NSE.
Bhushan Steel gained 6% to Rs1658 amid reports that the company would expand steel manufacturing capacity to 7mtpa over the next five years. The scrip touched an intra-day high of Rs1688 and a low of Rs1575 and recorded volumes of over 68,000 shares on NSE.
GMR Infrastructure was down 0.6% to Rs248. Reports stated that the company would set-up a subsidiary in Mauritius for routing equity investments in overseas ventures. The scrip touched an intra-day high of Rs251 and a low of Rs245 and recorded volumes of over 32,00,000 shares on NSE.
UCO Bank rallied by over 16% to Rs81 after reports stated that the company has planned to raise Rs4.5bn from the proposed FPO. The scrip touched an intra-day high of Rs84 and a low of Rs72 and recorded volumes of over 44,00,00,000 shares on NSE.
HCL Technologies slipped 2.7% to Rs314. According to reports the company won Rs1bn contract from RBI to set-up two large data centres in Maharashtra and for completely overhauling the latter’s IT infrastructure. The scrip touched an intra-day high of Rs325 and a low of Rs313 and recorded volumes of over 4,00,000 shares on NSE.
Maruti Suzuki was up 0.6% to Rs997. The company declared its December sales at 62,515 units (up 9.7%) the company’s December exports were at 4,114 units (down 75%). The scrip touched an intra-day high of Rs1009 and a low of Rs978 and recorded volumes of over 3,00,000 shares on NSE.
Bajaj Auto ended flat at Rs2602. The company’s December sales were at 1,99,470 units (down 7.1%) its 11th straight month of declines. The scrip touched an intra-day high of Rs2629 and a low of Rs2560 and recorded volumes of over 1,00,000 shares on NSE.
TVS Motors slipped 1% to Rs72 after the company announced that its December two-wheeler sales declined 5.4% yoy to 97,576 units. The scrip touched an intra-day high of Rs73 and a low of Rs71 and recorded volumes of over 21,00,000 shares on NSE.
What the FIIs are doing
FIIs were net sellers of Rs6.3bn (provisional) in the cash segment on Wednesday while the local institutions pumped in Rs4.27bn.
In the F&O segment, foreign funds were net sellers of Rs2.15bn.
On Tuesday, FIIs were net buyers of Rs1.42bn in the cash segment.
News Snippets:
The Government is considering a hike of Rs4 and Rs2 per litre for petrol and diesel respectively in February. (ET)
MTNL is likely to get pan-India mobile license. (ET)
LN Mittal in talks with HPCL to make joint bids for offshore oil & gas blocks. (ET)
Future Capital fixes its IPO price band at Rs700-765 for its IPO. (BS)
RIL and ONGC to face competition from LN Mittal for NELP blocks. (ET)
ONGC revives Kakinada refinery after shelving it in 2006. (Mint)
Bharti Airtel cut its local call rates to a flat Re1 per minute. (ET)
Retail investors may get an option of paying 25% at application stage in Reliance Power IPO. (ET)
Auto companies report low sales in December (ET)
Rotterdam Port in talks with L&T for investing in a Greenfield project in India. (Mint)
The JV between Verizon and Videocon to start offering internet services; awaits security clearance. (ET)
Nuclear Power Corporation may team up with BHEL to build turbines. (BL)
ONGC to pay subsidy of Rs170bn in FY08. (BL)
Tata group plans to transfer Tata Powers’ strategic electronic division (SED) to Nelco. (ET)
Oil PSUs to buy 10% stake in Oil India (OIL) at issue price (ET)
Essar led consortium likely to bag Ratna and R-series oilfields. (ET)
ONGC and Hinduja plan to invest US$10bn for developing oil and gas fields in Iran. (ET)
Petronet’s upcoming LNG terminal in Kochi will be delayed, to be ready by 2011. (BS)
Oil PSUs plan to open 3,000 outlets this year. (BS)
Abu Dhabi awards US$460mn contract to Japan’s Sumitomo, Germany’s Salzitter and Jindal Saw of India. (BS)
UB to seek out a JV partner to grow its Rs15bn business. (BS)
Religare to sell stake in its NBFC arm, Religare Finvest to Societe Generale, Goldman Sachs, Blue River Capital and a couple of other PE funds. (BS)
Ashok Leyland develops multi point fuel injection engines for CNG carriers. (BL)
Parsvnath gets a go ahead from Haryana Government for its IT Park. (BS)
Sebi has ruled out flexibility for PSUs in complying with Clause 49. (ET)
Broadcasters to receive duty cuts in line with IT and telecom sectors. (ET)
Tamil Nadu to nationalize cement plants if companies don’t cut prices. (ET)
The Government says Goa's decision on seeking de-notification of three SEZs legally untenable. (BS)
The Government plans to bear 80% of the cost of generating solar power. (BS)
Singapore Exchange plans launch of BSE products. (BS)
The Government may revive ailing fertilizer firms. (FE)
The Government may clear civil aviation policy today. (FE)
The Government allows 28 new SEZ approvals, including SAIL's Salem SEZ in Tamil Nadu. (BL)
Reliance Power - Part Payment Option
Reliance Energy is going all out to woo retail investors for the upcoming initial public offer (IPO) of its subsidiary, Reliance Power. After deciding to offer shares to retail investors at a 5% discount to the price band of Rs 405-450, the Anil Ambani Group entity intends to provide this investor segment with a “staggered payment” option in this IPO.
Accordingly, retail investors need to pay only 25% of the total investment amount at the time of submitting the application and the rest at the time of allotment on first call.
By availing this option, the investor does not have to lock in the entire amount for which he has applied in the IPO. This means, if a retail investor intends to apply for 100 shares at Rs 450 per share (Rs 427.50 after discount), he would need to pay only Rs 10,687.5 (25% of Rs 42,750 while applying and the rest during allotment, as against the lumpsum of Rs 42,750.
This option brings a level playing field for retail investors vis-Ã -vis qualified institutional buyers(QIBs), who are allowed to bid in an IPO with just 10% margin while submitting the bids in a public issue. Prominent public issues, which enabled the staggered payment options in recent times include ICICI Bank and Reliance Petroleum.
US markets end in a big loss
Manufacturing report and high commodity prices take entire steam out of market
US Market welcomed FY 2008 on a somber note after stocks slumped o the very first trading day of the year today, Wednesday, 02 January, 2008. A below-expected report on the manufacturing front dampened investor sentiment on the very first day. Crude prices kissing the $100/barrel mark for the first time ever weighed further on the investor sentiment. Other commodity prices, ie. gold also hit record high. Nine out of ten sectors ended in the red, the only exception being Energy sector, which got help from the soaring crude price.
The Dow's slide today marked its biggest point drop yet for the first trading day of the year, and its largest percentage decline since 198. The Dow Jones industrial Average ended the day with a huge loss of 220.86 points at 13,043.96. The Nasdaq Composite Index, finished lower by 42.65 points at 2,609.63. S&P 500 finished lower by 21.2 points at 1,447.16.
Twenty-nine out of thirty Dow stocks ended in the red today. IBM and Intel were the main Dow laggards. Intel was affected after Banc of America Securities downgraded the stock. Pfizer managed to be the day’s sole winner, registering marginal gains.
The December Institute of Supply Management (ISM) Index, a national purchasing manager survey, disappointingly dropped to 47.7, compared to November's reading of 50.8. The number also came in short of the consensus estimate of 50.5, and is the lowest level seen since April 2003. Because the number is below 50, it indicated a contraction in manufacturing.
Indian ADRs have a mixed day
In the morning, market enjoyed some god moment for a very brief period of time after the release of minutes from the Federal Reserve's 11 December meeting that suggested that the central bank sees more interest-rate cuts ahead. But the good time was very short-lived and sellers crept in.
Indian ADRs ended mixed today. ICICI Bank and Tata Motors managed to eke out some gains other than Rediff and Dr Reddys Laboratories. Tata Motors and ICICI Bank ended the day up 3.1% and 1.1% respectively. MTNL and VSNL were the main losers shedding 8.3% and 3% respectively.
Just as a reminder, for 2007, the Dow Jones Industrials average gained 6.4%, while the broader S&P 500 and the tech-heavy Nasdaq Composite gained 3.5% and 9.8%, respectively. Nasdaq was a clear winner, aided by Apple, Google and RIMM stocks.
It was day for commodities today at US Market
In the currency market today, the dollar extended losses against most major rivals, mainly against the yen after a weak Institute of Supply Management report. The ISM report said the U.S. factory sector contracted in December for the first time in nearly a year as new orders collapsed. The dollar index, which measures the greenback against a basket of six major currencies, was down about 0.8% at 75.970. Dollar lost more than 1% against the euro.
Comex Gold for February delivery rose $22 (2.6%) to close at $860 an ounce on the New York Mercantile Exchange on Wednesday, 02 January, 2008. prices touched $864.5 during intraday trading. Today’s closing prices was the highest price after a record $873 that gold hit on 21 January, 1980.
Fresh violence in Nigeria and supply concerns pushed crude oil prices to record territory today. Crude-oil futures for light sweet crude for February delivery closed at $99.62/barrel (higher by $3.64/barrel or 3.8 %) on the New York Mercantile Exchange. Earlier, during the lunch hours, crude oil for February delivery rose $4.02 (4.2%) to $100 a barrel on the New York Mercantile Exchange, the highest since trading began in 1983.
Volume on the New York Stock Exchange hit 1.4 billion, with declining stocks outpacing those advancing about 9 to 7. On the Nasdaq, more than 2 billion stocks exchanged hands, and declining issues outran advancers 9 to 5.
Tomorrow will be another day when investors will focuss on the economic reports to set the tone of trading. November's Factory Orders are one of the major reports expected. Other than that, weekly jobless claims data are due before the market's open while the Energy Information Administration (EIA) will announce its weekly petroleum data shortly after opening bell
Ahluwalia Contracts India
We recommend a buy in Ahluwalia Contracts India at current market price. From the weekly chart, we note that it has been on a steady long-term uptrend from June 2007 low of Rs 78. The daily chart shows that after touching an all-time high of Rs 400 on December 20, the stock declined and has been moving sideways around Rs 350. The stock is currently trading near the 21-day moving average line, which is repeatedly supporting the stock. The weekly momentum indicator is featur ing in the bullish region and the daily momentum indicator is likely to re-enter this region from the neutral region. The stock’s long-term trend is intact. All these are positive signals. The immediate support for the stock is at Rs 310 and the next support is at Rs 250 levels. We expect the stock to move up to the resistance level of Rs 400 in the short-term. The short-term investors can buy the stock with stop loss at Rs 308.
Via BL
Daily Technicals - Jan 3 2008
Nifty — The index opened on a flat note and saw a sharp decline in morning trade after which it rallied throughout the trading session. It ended the day with gains of 35 points.
Upward bar reversal — The index has posted a perfect upward bar reversal on the daily bar chart (i.e. the index traded below the previous day’s low and closed above the previous day’s high and close).This suggests the index should move up from current levels. On the upside index can test the 6260 levels. On the downside it has support around 6168 and 6100 levels.
Conclusion — Expect upswing to continue.
NSE Bulk Deal Watch - Jan 3 2008
02-JAN-2008,ANSALHSG,Ansal Housing and Constru,CLSA MAURITIUS LIMITED,BUY,297815,397.75,-
02-JAN-2008,ERACONS,Era Constructions (India),MONEY MATTERS ADVISORY SERVICES LIMITED,BUY,132000,807.01,-
02-JAN-2008,BOC,BOC India Limited,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,SELL,316000,221.77,-
02-JAN-2008,HTMTGLOBAL,HTMT Global Solutions Ltd,TATA EQUITY MANAGEMENT FUND,SELL,130000,580.84,-
02-JAN-2008,MAHLIFE,Mahindra Lifespace DevLtd,BSMA LIMITED,SELL,200000,868.60,-
02-JAN-2008,STINDIA,STI India Ltd,BSMA LIMITED,SELL,760000,28.40,-
India best performing markets
India dominated a list of the best-performing stocks in 2007, according to an analysis of stocks in Russell Investment Group's global indexes released on Wednesday.
A list of the top 100 stocks, based on total return, showed India with 41 of the top 100 and five of the top 6.
China, represented by Inner Mongolia Yitai Coal Ltd, was at the top of the list. The stock returned 1,017 percent last year, according to Russell.
The returns are calculated in U.S. dollar terms.
Forty-eight of the top 100 stocks are based in the BRIC countries of Brazil, Russia, India and China, Russell said.
Six of the stocks are U.S.-based companies.
More than one-third of the top 100 stocks, 39, are in the materials and processing sector.
The second-biggest gainer in 2007 was India-based Jai Corp Ltd, up 877 percent.
Rounding out the top five were Reliance Natural Resources Ltd, up 823 percent, Ispat Industries Ltd, with a return of 742 percent, and Jindal Steel & Power Ltd, up 664 percent. All of them are India stocks.
India-based Essar Oil Ltd was in sixth place, up 570 percent.
The MSCI India index rose 70.53 percent in 2007, calculated through of Dec. 28.
The vast majority of stocks in the top 50 were smaller companies, as measured by market capitalization. Forty-three were from the small-cap tier and only seven from the large-cap tier.
The Russell Global Index uses the Russell 3000 as its U.S. component. That index includes the small-cap stocks in the Russell 2000 as well as larger stocks in the Russell 1000.
Stocks below the Russell 2000 bottom cut-off are not included in the global indexes.
Precious metals glitter
Gold rallies to twenty eight year high as crude kisses $100 mark and dollar weakens
Precious metals ended considerably higher today, 02 January, 2008, the first trading day of FY 2008. Gold prices rallied and crossed the $864/ounce mark during intra day trading after crude oil prices hit a record roof touching the $100 mark for the first time ever. Weakening of the dollar also contributed to higher gold prices.
Gold generally moves in the opposite direction of the U.S. currency. Gold, as a dollar-denominated commodity, suffers from dollar strength.
Comex Gold for February delivery rose $22 (2.6%) to close at $860 an ounce on the New York Mercantile Exchange on Wednesday, 02 January, 2008. prices touched $864.5 during intraday trading. Last year, on 7 November, prices had touched $848/ounce. Today’s closing prices was the highest price after a record $873 that gold hit on 21 January, 1980.
Comex Silver futures for March delivery rose 37 cents (2.5%) to $15.29 an ounce. Prices touched 26 year high on 7 November, 2007, after reaching $16.275. The metal had climbed 15.5% in FY 2007. The metal also has gained for seven straight years.
Gold witnessed the greatest annual gain in twenty eight years by gaining $200/ounce (31%) in FY 2007. In 2006, silver had jumped 46% while gold gained 23%.
In the currency market today, the dollar extended losses against most major rivals, mainly against the yen after a weak Institute of Supply Management report. The ISM report said the U.S. factory sector contracted in December for the first time in nearly a year as new orders collapsed.
The dollar index, which measures the greenback against a basket of six major currencies, was down about 0.8% at 75.970.
In the energy market today crude oil rose to $100 a barrel for the first time in New York as record global fuel consumption threatens to outpace production. It extended FY 2007’s rally when crude gained 57%.
Gold has traditionally been used as a safe-haven asset against rising inflation. Investor sentiments are boosted by the fact that gold and silver are alternate sources of good investment in the face of declining dollar and rising energy prices. Rising crude increases inflationary pressures and vice versa. Crude is 57% higher on a yearly basis. On the other hand strong dollar reduces the appeal of the metal as alternate source of investment.
Gold had climbed 31% in FY 2007 as lower interest rates had sent the dollar tumbling, and crude-oil prices rose to a record.
The Fed reduced federal funds rate three times in FY 2007. The current interest rate stands at 4.5%. The Fed also lowered its discount rate twice, the interest it charges on direct loans it makes to banks, and currently it stands at 4.75%. With these interest rate cuts, dollar has been tumbling down. Market anticipates that there will be more rate cut in the coming year.
At the MCX, gold prices for February delivery closed higher by Rs 273 (2.6%) at Rs 10,879 per 10 grams. Prices rose to a high of Rs 10,920 per 10 grams and fell to a low of Rs 10,616 per 10 grams during the day’s trading.
At the MCX, silver prices for March delivery closed Rs 406 (2.1%) higher at Rs 19,884/Kg. Prices opened at Rs 19,490/kg and went to a high of Rs 20,020/Kg during the day’s trading.
Gold is expected to rally to all-time highs in the first quarter in FY 2008 as higher oil prices and a weaker dollar will continue to boost demand.
Crude at $100
Crude prices soar as traders expect another drawdown in crude inventories
Fresh violence in Nigeria and supply concerns pushed crude oil prices to record territory today, Wednesday, 02 January, 2008. Price also rose as dollar weakened. Crude had ended FY 2007 substantially higher by $35 or 57%. It was crude’s biggest yearly gain in five years.
Today crude-oil futures for light sweet crude for February delivery closed at $99.62/barrel (higher by $3.64/barrel or 3.8 %) on the New York Mercantile Exchange. Earlier, during the lunch hours, crude oil for February delivery rose $4.02 (4.2%) to $100 a barrel on the New York Mercantile Exchange, the highest since trading began in 1983.
Prices shot up today after fresh violence was reported at Nigeria, which is the world's 12th-largest oil producer and ranks as the fifth-largest exporter of oil to the U.S. prices also rose after traders speculated that Energy Department will report steep drawdown in crude inventories for week ended 28 December, 2007.
In the currency market today, the dollar extended losses against most major rivals, mainly against the yen after a weak Institute of Supply Management report. The ISM report said the U.S. factory sector contracted in December for the first time in nearly a year as new orders collapsed. Dollar slipped more than 1% against the euro.
Brent crude oil for February settlement today rose $3.99 (4.3%) to $97.84 on the London-based ICE Futures Europe exchange. The London benchmark rose 54% in Fy 2007, the most since 1999 when prices more than doubled.
Heating oil and gasoline contracts make record
February natural gas today rose 36.2 cents to stand at $7.845 per million British thermal units.
Against this backdrop, February reformulated gasoline gained 7.81 cents to $2.5689 a gallon, and February heating oil soared 9.1 cents to $2.7404 a gallon. Gasoline contract touched an intraday record of $2.5784. Heating oil futures touched $2.7465, the highest intraday price since trading began in 1978.
At the MCX, crude oil for January delivery closed at Rs 3,898/barrel, higher by Rs 124 (3.3%) against previous day’s close. Natural gas for December delivery closed at Rs 306.6/mmtbu, higher by 10.5/mmtbu (3.5%).
Members of the OPEC left production targets unchanged at the 5 December meeting in Abu Dhabi. The group, which produces 40% of the world's oil, will review output at a 1 February, 2008 meeting in Vienna.
As per EIA, global oil markets will likely remain tight through 2008 and monthly average oil prices are expected to near $85 per barrel over the next year. The IEA, an adviser to 27 nations, said global demand in 2008 will rise 2.5% to 87.8 million barrels a day.
The U.S. Energy Information Administration will issue inventories reports at 10:30 a.m. Eastern tomorrow, a day later than usual because of the New Year's holiday.
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